BUS402 Week 3 Quiz Latest 2017 (Perfect Answer)

Question 12 out of 2 pointsNormally, when buying a business, the seller:Question 22 out of 2 pointsThe biggest source for the best companies to buy is:Question 32 out of 2 pointsBefore buying an existing business, the buyer should analyze two external elements of the business:Question 42 out of 2 pointsThe inventory in an existing business:Question 52 out of 2 pointsThe capitalized earnings approach determines the value of a business by capitalizing its expected profits using:Question 62 out of 2 pointsWhen a buyer is reviewing a candidate company's lease arrangements, location and appearance, intangible assets, etc., he is answering what basic acquisition question?Question 72 out of 2 pointsOnce an entreQuestion 92 out of 2 pointsWhich of the following is an intangible asset?Question 102 out of 2 pointsIf the firm owns any trademarks, patents, or copyrights, or has built up a positive reputation with customers and suppliers, the business has what is/are called:Question 112 out of 2 pointsWhich of the following is a way to smooth the transition of leadership/management from the seller of a business to the buyer?Question 122 out of 2 pointsWhen the buyer is examining the income statements, tax returns, and balance sheets of the business, he/she is seeking an answer to the basic question:Question 132 out of 2 pointsWhen buying an existing business, one should remember that:Question 142 out of 2 pointsWhen it comes to buying an existing business, it is not uncommon to find it:Question 152 out of 2 pointsThe valuation method that is commonly used, but tends to oversimplify the valuation process, is called:B) the balance sheet method.Question 162 out of 2 pointsYour cash budget and an explanation of how much money you need to make your company and product a long-term success are the subject matter of the:Question 172 out of 2 pointsA well-developed business plan provides the entrepreneur with a number of benefits, such as:Question 182 out of 2 pointsDefining the target market's potential and describing its characteristics is part of the:Question 192 out of 2 pointsThe second essential purpose for creating a business plan is:Question 202 out of 2 pointsThe primary purpose of building a business plan is to:Question 212 out of 2 points________ are long-range, broad statements of what the company plans to accomplish in the distant future, and they guide the overall direction of the company.Question 222 out of 2 pointsThe ________ becomes the document that summarizes the analysis that has been done to justify a new business.Question 232 out of 2 pointsProving that a profitable market exists involves:Question 242 out of 2 pointsA business plan:Question 252 out of 2 pointsThe C of the five Cs that is a synonym for "cash flow" is:Question 262 out of 2 pointsA business plan performs a number of functions including:Question 272 out of 2 pointsThe ________ is the first part of the business plan. It summarizes all the relevant points of the deal, but it should be the last part written.Question 282 out of 2 pointsThe focus of the competitor analysis section of the business plan is to:Question 292 out of 2 pointsA ________ is what a customer gains from the product or service feature.Question 302 out of 2 pointsThe C of the five Cs that relates to the circumstances relating to the business, such as potential growth in the market, form of ownership, location, etc., is called: